Hello, Traders!
XLM is exiting the consolidation range of $0.39 - $0.48.
Cumulative delta analysis shows an increase in purchases since the beginning of April.
Entry in the position can be considered in the range of $0.48 - $0.5025
Stop-loss can be placed under $0.40.
Target of upward movement by Fibonacci levels:
$0,55
$0,67
$0,74
$0,78
Good luck and watch out for the market.
P.S. This is and educational analysis that shouldn't be considered a financial advice
XLM is exiting the consolidation range of $0.39 - $0.48.
Cumulative delta analysis shows an increase in purchases since the beginning of April.
Entry in the position can be considered in the range of $0.48 - $0.5025
Stop-loss can be placed under $0.40.
Target of upward movement by Fibonacci levels:
$0,55
$0,67
$0,74
$0,78
Good luck and watch out for the market.
P.S. This is and educational analysis that shouldn't be considered a financial advice